SF Express Steps Up as Kerry Thailand’s Major Shareholder to Provide Funding Support

Kerry Express (Thailand) Public Company Limited (KEX) announces the final result of the mandatory tender offer for its shares by SF Express, the largest integrated logistics service provider in China and Asia. SF Express becomes a major shareholder of KEX with a total of 1,091,818,327 shares or 62.66 % of total issued and paid-up shares.

As a direct subsidiary of SF Express, KEX can anticipate more flexible support, particularly in the funding area in addition to the technology and operational expertise that KEX has consistently received. The change in the shareholder structure will bring about positive impacts and enable KEX to achieve its ambitious goals.

Mr. Alex Ng, Chief Executive Officer of Kerry Express (Thailand) Public Company Limited, states that “KEX’s management team is enthusiastic about SF Express becoming our major shareholder, anticipating deeper collaboration, and confident that it will yield positive outcomes for KEX. We are dedicated to supporting SF Express, as we believe in its business strengths, which will elevate KEX to new heights”.